Investing

Dong Chen, Head of Asia Macroeconomic Research Pictet Wealth Management. Most indicators for Chinese economic activities in October continued to improve. Growth in nominal retail sales rose further to 7.6% y-o-y in September, up from 5.5% in September and slightly above market consensus of 7.3% . This higher-than-expected…

Out of the chaos come heroes Yanxiu Gu, Spécialiste produits, actions chinoises ODDO BHF AM. " The technology race between China and the US is not going to end any time soon. But investors may miss good opportunities by turning away from these stocks" US RESTRICTIONS…

Xiao Cui, Senior Economist - Pictet Wealth Management. Core CPI came in weaker than consensus expectation, increasing 0.227% MoM (consensus: 0.3%). This is a step down from its 0.32% MoM print last month. The YoY reading fell further to 4.0% from 4.1%. Core inflation is headed…

The conflict in the Middle East threatens to further destabilise the economy and financial markets. As a result, we remain neutral stocks and overweight bonds. Luca Paolini, Chief Strategist at Pictet Asset Management. Asset allocation: geopolitical vulnerabilities Just as the markets had started taking the…

Euro area GDP: slight GDP contraction in Q3 Nadia Gharbi, Senior Economist Pictet Wealth Management. According to Eurostat’s preliminary estimate, euro area GDP fell by 0.1% q-o-q in Q3, while the Q2 figure was revised up to +0.2% q-o-q (from +0.1%). The Q3 number was a bit…

FOMC preview (November 1) – proceeding carefully with a tightening bias Xiao Cui,Senior Economist Pictet Wealth Management. We expect the FOMC to keep rates unchanged at 5.25-5.50% at its meeting next week, as is widely priced by the markets. We don’t expect changes to QT or tweaks in other…

Generative AI and ChatGPT have captured the public imagination. Asset managers have been watching developments closely too. David Wright, Head of Quantitative Business Strategy & Stéphane Daul, Senior Quantitative Analyst Pictet Asset Management. Machine learning (ML) is being hailed as a better way to pick…

Laurent Denize, Global Co-CIO, ODDO BHF AM & Prof. Dr. Jan Viebig, Global Co-CIO, ODDO BHF AM. "While sovereign debts could be considered "safe havens" given past central bank support, they currently carry more risk than Credit. This shift in risk perception is reflected in…

César Pérez Ruiz, Chief Investment Officer Pictet Wealth Management. A far stronger-than-expected US employment report for September pushed bond yields to new 16-year highs last week and raised the possibility of a November interest rate hike by the Federal Reserve. Non-farm payrolls increased by 336,000…

This month’s Editorial by Olivier de Berranger, Deputy Chief Executive Officer and CIO, and Alexis Bienvenu, Fund Manager, La Financière de l’Echiquier (LFDE). A new era of abundance is upon us. Not, alas, in political, social, environmental or even economic terms. Rather, it is for…